ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Short Interest Up 82.1% in January

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 3,917,307 shares, an increase of 82.1% from the January 15th total of 2,151,621 shares. Based on an average daily volume of 26,361,223 shares, the short-interest ratio is presently 0.1 days. Currently, 13.1% of the company’s shares are short sold. Currently, 13.1% of the company’s shares are short sold. Based on an average daily volume of 26,361,223 shares, the short-interest ratio is presently 0.1 days.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

ProShares UltraShort Bloomberg Natural Gas stock traded up $0.03 during mid-day trading on Friday, hitting $20.63. The company’s stock had a trading volume of 6,067,902 shares, compared to its average volume of 14,892,722. The business has a 50 day moving average price of $30.28 and a 200-day moving average price of $32.21. ProShares UltraShort Bloomberg Natural Gas has a 12 month low of $13.44 and a 12 month high of $49.47.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several institutional investors and hedge funds have recently bought and sold shares of the stock. StoneX Group Inc. purchased a new position in ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter worth approximately $802,000. Flow Traders U.S. LLC grew its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 658.3% in the second quarter. Flow Traders U.S. LLC now owns 99,692 shares of the company’s stock worth $2,553,000 after purchasing an additional 86,546 shares during the last quarter. Belvedere Trading LLC bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the second quarter worth approximately $279,000. XTX Topco Ltd purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the second quarter worth $249,000. Finally, Headlands Technologies LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the second quarter worth $61,000.

About ProShares UltraShort Bloomberg Natural Gas

The ProShares UltraShort Bloomberg Natural Gas (KOLD) is an exchange-traded fund that is based on the Bloomberg Natural Gas Subindex index. The fund provides daily -2x exposure to an index that tracks natural gas by holding one second month futures contract at a time. KOLD was launched on Oct 4, 2011 and is managed by ProShares.